World War: Term Investments and Climate Crisis

world war: It said its divestment included withdrawing money it had in products with the big four banks with the exception of some longer term investments in climate and socially responsible bonds and transitioning into other non-fossil fuel investments, according to The Guardian. The climate crisis is our third world war. The council is now calling on the New South Wales government to work with the big four banks to develop financial products that will allow more organisations to follow our lead . The council has moved about 100m over three years and is one of more than 40 local governments across Australia that have taken steps to move out of funds with investments linked to climate change. It needs a bold response Joseph Stiglitz Read more It follows a lengthy campaign by the environmental organisation 350.org pushing institutions to divest from fossil fuels. Leichhardt already had a target of 50% divestment before the amalgamation and its previous mayor, Labor's Darcy Byrne now the mayor of Inner West council said the new council wanted to continue that process. At its first meeting in 2017, the newly merged Inner West council passed a motion to become fully divested from fossil fuel funds. (news.financializer.com). As reported in the news.